Tesla Model X Production Pushed Back to Late 2014
Production of the Tesla Model X crossover has been pushed back from the end of this year to the end of 2014. A Tesla representative told the Los Angeles Times that the wait for the electric crossover has increased as the company focuses on filling orders for the Model S four-door, which could reach 20,000 units this year.
The original Tesla Model X was supposed to go on sale early in 2014, but now deliveries will likely begin early 2015. While Tesla focuses on Model S sales and delays the Model X, the company has pledged to pay back its Department of Energy Advanced Technology Vehicle Manufacturing (ATVM) loan by 2017 – five years earlier than the original deadline.
We’ve taken a ride in a Tesla Model X prototype, which has flashy “falcon doors” that Elon Musk said will make installing child seats easier. At the time, Musk estimated that the Model X would weigh 10-15 percent more than the Model S, or about 4700 pounds.
Tesla also expects to make a modest profit for the first quarter of 2013. The company has also raised $40.5 million from sales of zero-emission vehicle credits and greenhouse gas credits to other undisclosed companies, according to its annual report. The next Tesla model in the pipeline is a smaller electric sedan at a lower price point to appeal to broader range of customers.
Source: Los Angeles Times, Tesla
By Jason Udy